About Company

• Jyoti CNC Automation Limited (“Jyoti CNC”) was incorporated on January 17, 1991.  Jyoti CNC is one of the world’s leading manufacturers of metal cutting computer numerical control (“CNC”) machines with the 3rd largest market share in India accounting approximately 10% of the market share in India in Fiscal 2023 and 12th largest market share globally accounting for 0.4% of the market share globally in calendar year 2022. 
• Jyoti CNC is a prominent manufacturer of simultaneous 5-Axis CNC machines in India and supply a diverse portfolios of CNC machines in India including CNC Turning Centres, CNC Turn Mill Centres, CNC Vertical Machining Centres (VMCs), CNC Horizontal Machining Centres (HMCs).  
• Jyoti CNC offers solutions suited for transitioning towards ‘Industry 4.0’, including their flagship multifunctional solutions package viz. ‘7th Sense’ – which is geared towards automating sophisticated diagnostic and analytical functions enabling seamless management of productivity, health, and tool life of the CNC machine. 
• In November 2007, they acquired Huron Graffenstaden SAS (Huron, their step-down subsidiary), a pioneer for 5-Axis machining technology 
• Jyoti CNC offers over 200 variants across 44 series and during the last 3 Fiscals, they have supplied over 8,400 CNC machines to more than 3,500 customers in India and across Asia (excluding India), Europe, North America, and rest of the world. Since April 1, 2004, they have supplied over 30,000 CNC machines globally. During the last 6 months period ended September 30, 2023, and during the last 3 Fiscals they have sold their products in India and 16 other countries across the globe.  

• The company operates out of 3 manufacturing facilities 2 in Rajkot, Gujarat, and 1 in Strasbourg, France, which are equipped with capabilities to design, develop, and manufacture their product portfolio. Additionally, they also have a repair facility in Rajkot, Gujarat.

Strengths

• One of the leading CNC machine manufacturing companies globally as well as in India with presence across the CNC metal cutting machinery value chain; 

• Well diversified global customer base spread across end-user industries;

• Focus on technology and ability to deliver innovative solutions bolstered by dedicated R&D facilities;

• Vertically integrated operations which enables customisation and production efficiencies;

• Experienced Promoters supported by a strong management and execution team. 

• Focus on improving the market share and taking advantage of the growing industry demand;

• Expand the presence across other end-user industries and diversify the customer base and geographical reach;

• Continuously augmenting the capacity in line with the expected business growth;

• Improving the financial risk profile.

Company Promoters

Company Financials

Jyoti CNC Automation Limited's revenue increased by 27% and profit after tax (PAT) rose by 131.18% between the financial year ending with March 31, 2023 and March 31, 2022.

Objects of the Issue

1. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company;
2. Funding long-term working capital requirements of the company; and
3. General corporate purposes.